Google to buy Philly/New York-based Invite Media (All Things Digital)

Exclusive: Google Buys Invite Media (All Things Digital: MediaMemo)
No confirmation yet from either company (but its apparently a done deal).

Meet The 25-Year-Old Who Just Sold A $70 Million Company To Google (Silicon Alley Insider)

Daily Links 6/2/2010: Jobs knocks cable set-top box business

Apple's Jobs: Cable's Set-Top Box Stranglehold Stifles Innovation
Apple TV To Remains A 'Hobby' Because Of Cable
(Multichannel News)

D8: Comcast boss on NBC deal, apps and customer service (Seattle Times)

Providence Said to Seek Bresnan Sale at More Than $1 Billion
(Bloomberg Business Week)
Bresnan Communications is 30% owned by Comcast.

Sonic to Acquire DivX
Combination Creates Digital Video Delivery Powerhouse; Streamlines "Over the Top" Distribution of Hollywood Movies
(PR Newswire)
DivX has a presence in Malvern through its acquisition last year of AnySource Media.

AMETEK Acquires Technical Services for Electronics (PR Newswire)

SAP invests $10M in DeviceVM’s browser-and-cloud OS (VentureBeat)
The VentureBeat piece is slightly inaccurate; DeviceVM's press release says SAP led a $10 million round with other investors participating, not that SAP itself invested $10 million. Nonetheless, an interesting move.

Fast-growing Versus broadcasting live from Philly (Philadelphia Daily News)

SevOne Unveils the Industry's Fastest NetFlow Solution Handling 15 Million Flows per Minute for Real-Time Traffic Analysis (Marketwire)

PPL Electric Utilities Signs Contract for Federal Smart Grid Grant (Transmission & Distribution World)

Anxiety Builds Among Utilities Over the Communications Part of 'Smart' Grid (ClimateWire via New York Times)